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Take-Two (TTWO) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Wall Street analysts expect Take-Two Interactive (TTWO - Free Report) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year increase of 37.9%. Revenues are expected to be $1.74 billion, up 17.7% from the year-ago quarter.
The current level reflects an upward revision of 10% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Take-Two metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Net Revenue- Advertising' will likely reach $117.67 million. The estimate indicates a year-over-year change of -1.3%.
Analysts' assessment points toward 'Net Revenue- Game' reaching $1.56 billion. The estimate indicates a change of +26.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Total net bookings' should come in at $1.73 billion. The estimate compares to the year-ago value of $1.47 billion.
Based on the collective assessment of analysts, 'Net bookings by platform - Mobile' should arrive at $734.59 million. Compared to the current estimate, the company reported $723.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Net bookings by distribution channel - Physical retail and other' of $102.61 million. The estimate is in contrast to the year-ago figure of $57.70 million.
The consensus estimate for 'Net bookings by distribution channel - Digital online' stands at $1.63 billion. The estimate compares to the year-ago value of $1.42 billion.
Analysts forecast 'Net bookings by platform - PC and other' to reach $165.70 million. Compared to the current estimate, the company reported $129.60 million in the same quarter of the previous year.
Analysts predict that the 'Net bookings by platform - Console' will reach $813.85 million. Compared to the present estimate, the company reported $622.30 million in the same quarter last year.
The average prediction of analysts places 'Net bookings by geographic region - United States' at $1.05 billion. Compared to the current estimate, the company reported $914.40 million in the same quarter of the previous year.
The consensus among analysts is that 'Net bookings by geographic region - International' will reach $672.68 million. The estimate is in contrast to the year-ago figure of $560.50 million.
Over the past month, shares of Take-Two have returned -0.5% versus the Zacks S&P 500 composite's +2.4% change. Currently, TTWO carries a Zacks Rank #1 (Strong Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Take-Two (TTWO) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect Take-Two Interactive (TTWO - Free Report) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year increase of 37.9%. Revenues are expected to be $1.74 billion, up 17.7% from the year-ago quarter.
The current level reflects an upward revision of 10% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Take-Two metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Net Revenue- Advertising' will likely reach $117.67 million. The estimate indicates a year-over-year change of -1.3%.
Analysts' assessment points toward 'Net Revenue- Game' reaching $1.56 billion. The estimate indicates a change of +26.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Total net bookings' should come in at $1.73 billion. The estimate compares to the year-ago value of $1.47 billion.
Based on the collective assessment of analysts, 'Net bookings by platform - Mobile' should arrive at $734.59 million. Compared to the current estimate, the company reported $723.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Net bookings by distribution channel - Physical retail and other' of $102.61 million. The estimate is in contrast to the year-ago figure of $57.70 million.
The consensus estimate for 'Net bookings by distribution channel - Digital online' stands at $1.63 billion. The estimate compares to the year-ago value of $1.42 billion.
Analysts forecast 'Net bookings by platform - PC and other' to reach $165.70 million. Compared to the current estimate, the company reported $129.60 million in the same quarter of the previous year.
Analysts predict that the 'Net bookings by platform - Console' will reach $813.85 million. Compared to the present estimate, the company reported $622.30 million in the same quarter last year.
The average prediction of analysts places 'Net bookings by geographic region - United States' at $1.05 billion. Compared to the current estimate, the company reported $914.40 million in the same quarter of the previous year.
The consensus among analysts is that 'Net bookings by geographic region - International' will reach $672.68 million. The estimate is in contrast to the year-ago figure of $560.50 million.
View all Key Company Metrics for Take-Two here>>>Over the past month, shares of Take-Two have returned -0.5% versus the Zacks S&P 500 composite's +2.4% change. Currently, TTWO carries a Zacks Rank #1 (Strong Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .